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Enterprise Singapore was formed through the merger of International Enterprise Singapore (IE) and SPRING Singapore. It is an integration of IE Singapore and SPRING Singapore ’s functions. [ 4 ] SPRING Singapore was responsible for helping startups and SMEs in financing, capability and management development, technology, and innovation. [ 2 ]
International Enterprise Singapore ( IE Singapore) was a statutory board under the Ministry of Trade and Industry of the Government of Singapore. It facilitated the growth of Singapore-based companies overseas and promoted international trade. On 1 April 2018, IE Singapore merged with SPRING Singapore to form Enterprise Singapore.
IRAS collected S$47 billion in tax revenue in FY2016/17. [7] Tax arrears remained low at 0.68% of net tax assessed and cost of collection was also kept low at 0.84 cents for every dollar collected. In FY2016/17, IRAS uncovered 10,626 non-compliant cases and recovered about $332 million in taxes and penalties through rigorous audits and ...
Trade Development Board, formed in 1983 and renamed to International Enterprise Singapore (IE Singapore) in 2002 to support internationalisation, reorganised into Enterprise Singapore (ESG) on 1 April 2018; Competition Commission of Singapore (CCS), formed on 1 January 2005 to enforce competition law.
The Standards, Productivity and Innovation Board (abbreviation: SPRING Singapore) was a statutory board under the Ministry of Trade and Industry of the Singapore Government. It worked as an agency for enterprise development, and helped enterprises enhance their competitiveness in the Singapore market.
IRAS warns recipients against providing their personal details in response to a scam email about income tax returns.
Any income arising from sources outside Singapore and received in Singapore on or after 1 January 2004 by an individual (other than partners of a partnership) is exempt from tax. This system has the potential to allow for tax avoidance practiced by individuals who derive income from abroad, gain tax exemptions via their non-resident status ...
ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA is also responsible for developing the accountancy sector and setting the accounting standards for companies, charities co-operative societies, and societies in Singapore.